Francis Chou - Chou Associates
As of Q2 2026, Francis Chou reported 31 long-equity positions worth $216.59M in aggregate.
Copy-investor backtest
- Latest quarter
- +2.11%
- 1-year
- +14.39%
- 3-year
- +45.08%
- 5-year
- +16.55%
- 3-year vs S&P 500
- -27.31%
- 5-year vs S&P 500
- -56.68%
- 5-year top 5
- +21.83%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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Updated 2026-06-06 from SEC 13F data.
Live quotes available for 11 of 30 rows. Rows without a quote are marked unavailable.
| 1 | RFP | RESOLUTE FST PRODS INC | 19.37% | Add +2.4% | 4,227,259 | $67.72M | No quote | No quote |
| 2 | BRK/A | BERKSHIRE HATHAWAY INC DELCUSIP 084670108 | 15.27% | - | 300 | $53.37M | No quote | No quote |
| 3 | NOK | NOKIA CORP | 11.60% | Add +900.0% | 5,000,000 | $40.55M | $8.11 | No quote |
| 4 | SHLD | SEARS HLDGS CORP | 11.27% | - | 803,526 | $39.41M | No quote | No quote |
| 5 | SNY | SANOFI | 6.29% | - | 410,000 | $21.99M | $53.63 | No quote |
| 6 | JPMWS | JPMORGAN CHASE & CO | 6.25% | - | 1,126,347 | $21.84M | No quote | No quote |
| 7 | C | CITIGROUP INC | 6.11% | - | 410,000 | $21.37M | $52.11 | No quote |
| 8 | OSTK | OVERSTOCK COM INC DEL | 5.13% | Reduce -16.2% | 582,271 | $17.93M | No quote | No quote |
| 9 | WFCWS | WELLS FARGO & CO NEW | 4.52% | - | 997,500 | $15.79M | No quote | No quote |
| 10 | GS | GOLDMAN SACHS GROUP INC | 3.80% | - | 75,000 | $13.29M | $177.25 | No quote |
| 11 | MBI | MBIA INC | 3.69% | - | 1,080,797 | $12.91M | $11.94 | No quote |
| 12 | ACTZZZZ | ACTAVIS PLC | 1.70% | New | 35,400 | $5.95M | No quote | No quote |
| 13 | BACWSA | BANK OF AMERICA CORPORATION | 1.55% | - | 836,825 | $5.41M | No quote | No quote |
| 14 | BB | BLACKBERRY LTD | 1.20% | Add +186.0% | 529,040 | $4.18M | $7.90 | No quote |
| 15 | CHT | CHUNGHWA TELECOM CO LTD | 1.17% | - | 132,088 | $4.09M | No quote | No quote |
| 16 | RYAAY | RYANAIR HLDGS PLC | 0.23% | - | 17,000 | $798K | $46.94 | No quote |
| 17 | AZN | ASTRAZENECA PLC | 0.22% | New | 13,000 | $766K | $58.92 | No quote |
| 18 | CYD | CHINA YUCHAI INTL LTD | 0.15% | - | 25,537 | $533K | $20.87 | No quote |
| 19 | BP | BP PLC | 0.14% | - | 10,000 | $486K | $48.60 | No quote |
| 20 | GSK | GLAXOSMITHKLINE PLC | 0.14% | New | 18,000 | $478K | $26.56 | No quote |
| 21 | VOD | VODAFONE GROUP PLC NEW | 0.11% | - | 10,000 | $393K | No quote | No quote |
| 22 | UTSI | UTSTARCOM HOLDINGS CORP | 0.09% | - | 113,627 | $315K | No quote | No quote |
| 27 | S | SPRINT CORP | - | Sold | 0 | $0 | No quote | No quote |
| 26 | RSH | RADIOSHACK CORP | - | Sold | 0 | $0 | No quote | No quote |
| 25 | PTGI | PRIMUS TELECOMMUNICATIONS GR | - | Sold | 0 | $0 | No quote | No quote |
| 24 | DELL | DELL INC | - | Sold | 0 | $0 | No quote | No quote |
| 23 | - | ACTAVIS INC | - | Sold | 0 | $0 | No quote | No quote |
Other instruments
Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.
| 1 | - | LEVEL 3 COMMUNICATIONS INCNOTE 6.500%10/0 | OTHER | 79,352 | $2.63M |
| 3 | - | MANNKIND CORPNOTE 3.750%12/1 | OTHER | 0 | $0 |
| 2 | - | COMPUCREDIT HLDGS CORPNOTE 5.875%11/3 | OTHER | 0 | $0 |